Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Non-compete fee received is a capital receipt not liable to tax. Surplus on cancellation of debentures issued for capital expenditure is not taxable. Premium paid on redemption of debentures is allowable expenditure. Payment for acquisition of a going concern is capital expenditure. Cost of improvement to be allowed indexation. Cost of acquisition of amalgamated business to be taken as cost to previous owner. Claim of capital loss on surrender of land to DDA not entertained as it requires verification of facts.
Non-compete fee received is a capital receipt not liable to tax. Surplus on cancellation of debentures issued for capital expenditure is not taxable. Premium paid on redemption of debentures is allowable expenditure. Payment for acquisition of a going concern is capital expenditure. Cost of improvement to be allowed indexation. Cost of acquisition of amalgamated business to be taken as cost to previous owner. Claim of capital loss on surrender of land to DDA not entertained as it requires verification of facts.
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